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The owner/user concept really took off back in the late 1970’s when the development business model shifted to more of a “merchant” format, whereby buildings were sold as they were built to business owners in order to book immediate profit, rather than being leased up and sold as leased investments to third parties.
In our last post, we started our evaluation of the tax proposals of the Democratic and Republican presidential candidates.
For those of you who are regular visitors to these pages, you know that we are not inclined to talk about politics. That said, we do sometimes weigh in when potential legislation that impacts commercial real estate comes up on radar. The run-up to big elections is often one of those times.
In the past few posts, we’ve focused on interest rates and the upcoming election’s effect on market velocity. We will probably get back to that again soon, but first, we turn attention back on our expanded 2024 update of our Wealth Cycle Series.
Last Thursday, the SBA lowered the interest rate for its popular 504 loan to 6.04%, a 16-basis-point decline from July. In fact, this key rate for owner/user acquisitions has been on the decline since peaking to just over 7% late last year.